Martin Lewis has revealed when you should close your savings account and open new one as he urged Brits earning rates of less than 1.5 per cent "not to stand for it" and to switch.
The MoneySavingExpert founder said UK households put away an extra £180billion in savings during the pandemic.
Even though the cost of living crisis is now eating away at homes' ability to save, Lewis said savings rates have jumped to their highest levels since July 2019 - and more than doubled in a year.
